# Vitalik on BTC's shrinking security budget “You can't make crazy assumptions about security models"

- Channel: [ETHGlobal](https://streameth.org/ethglobal)
- Date: 2020-10-09
- Duration: 40:56
- Topics: ethereum, blockchain, cryptocurrency, bitcoin, vitalik
- Watch: https://streameth.org/watch/yt-J1CEnXcQYwo
- YouTube: https://www.youtube.com/watch?v=J1CEnXcQYwo

## Description

Camila Russo (https://thedefiant.substack.com/) interviews Vitalik Buterin at the ETHWaterloo 2 opening ceremonies:

- Is ETH money?
- How the Ethereum developer experience has improved since 2017
- The legacy of the ICO craze of 2017
- Is Ethereum undervalued relative to technical progress?
- DeFi and whether Ethereum should be a finance-only chain
- Bitcoin's declining security budget, and the need for Proof of Stake for sustainable security

ethwaterloo.com
ethglobal.co